Ceres Power's Fuel Cell Tech Set for Mass Production Through New Partnership

Green hydrogen and fuel cell specialist Ceres Power has raised its revenue guidance for the year after signing a bumper manufacturing contract with an Asian original equipment manufacturer. The contract, which will see new partner manufacture the Ceres’s patented fuel cell tech in return for a licence fee, will boost revenue at the London listed firm “considerably”, it said. Ceres now expects to post full year earnings of between £50m and 60m when it reports its interim results in September. Revenue for the first half of…